Financials Overview: Week of October 27–November 3, 2017

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Part 3
Financials Overview: Week of October 27–November 3, 2017 PART 3 OF 3

ETF Inflows Moderated Last Week

ETF inflows slowed down

ETF inflows slowed down last week from the record highs witnessed in the previous few weeks. According to FactSet, $3.7 billion worth of inflows were added in the ETF last week, which takes the year-to-date total to $388.2 billion. Inflows in US equity (JPM) (BAC) (C) (WFC) moderated to $312 million, while international equity added the highest inflows worth $2.3 billion. The S&P 500 (SPX-INDEX) (SPY) rose 0.26% and closed at 2,587.84.

ETF Inflows Moderated Last Week

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Fixed income inflows also moderated during the week. US fixed income collected $123 million, while international fixed income added $608 million. The U.S. ten-year Treasury bond yield fell to 2.3% from 2.4% in the previous week.

The PowerShares QQQ Trust (QQQ) garnered the largest chunk of the total ETF inflows at $706 million followed by the iShares Core MSCI International Developed Markets ETF (IDEV) with $617 million and the iShares Core Total USD Bond Market ETF (IUSB) with $575 million.

SPY led the outflows

The SPDR S&P 500 ETF Trust (SPY), which attracted the highest inflows of $4.5 billion during the previous week, saw the largest outflows of $3 billion during the week. The other prominent ETFs that witnessed outflows included the iShares 20+ Year Treasury Bond ETF (TLT) and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) with net redemptions of $756 million and $423 million, respectively.

Upcoming events

China’s balance of trade data will be announced this week. The Reserve Bank of Australia will decide on interest rate changes. Japan will see the release of current account data for September.


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